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THAILAND MARKETBEAT REPORTS

9/29/2021
Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.

Office: We expect the office market to maintain a moderate performance level during the COVID-19 situation, with slowly improving demand from domestic and foreign companies throughout the remainder of 2021.

Industrial: Thailand’s industrial market continued to suffer from the COVID-19 situation in the first half of 2021, making it difficult for landlords to raise prices or rental levels, while new supply continued to enter the market.

Retail: Malls were seriously affected by social distancing measures, including domestic travel restrictions, reduced opening hours, suspended sales of non-essential items, and the closure of some rental spaces; together with collapse of inbound tourism numbers.

Condominium: Developers have made efforts to offer more promotions and incentives to reduce unit inventories during the COVID-19 environment, but prevailing weak domestic purchasing power is still holding back demand.

Learn more by clicking our most recent Bangkok MarketBeat reports below.

CURRENT MARKETBEAT

Office Buildings CBD
Bangkok Office Report

Overall net absorption for the CBD area stood at 8,048 sq m for Q3, with the vacancy rate at 11.81%, up from 10.07% in Q2.

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Warehouse Internal Rack
Bangkok Industrial Report

Growth in e-commerce activities is also a major driver for the warehousing, last mile, and express logistics segments.

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Shopping Retail
Bangkok Retail Report

Overall growth in e-commerce will eat into demand for physical retail space, and mall operators will need to carefully manage their tenant bases.

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Warehouse Internal Rack
Bangkok Condominium Report

The new condominium supply pipeline has fallen by 19% from the second half of 2020 due to developers shifting from high-rise condominium projects to low-rise developments.

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